Jul 19, 2012 8:00am PDT
investment funds from wealthy foreigners most of the money through corporations registered in panama. some of the most secretive of business laws exist there in panama. does that story prove the president's points, that business leaders don't come by successful initiatives on their own? >> well, i think certainly not, tom. i think the recent polls you've cited have shown that the president's false attacks on mitt romney aren't working right now and the people care about the economy. i want to turn to your point about the context of the president's you didn't build that remark. there was a good article by phil klein this morning saying that the contextually made that comment worse. if you look at the whole speech and what he's arguing, it's that the way that we're going to fix this economy, the way that we're going to get out of this ditch is through more government and not by unleashing the private sector. his argument was that people, small business owners, you're not that smart, you didn't work that hard, you didn't earn that. it happened because of the government. that's the wrong way t
Jul 19, 2012 3:00pm PDT
says quote, most of the foreign investors' money came through corporations registered in panama. then known for tax advantages and unusual banking secrecy. but it didn't matter to romney where the money was coming from, he knew there was little risk to him in starting his investment fund. he was assured by his boss bill bain back in 1984 that starting up bain capital would be a non-risk prospect for romney. ezra klein at the washington post writes, romney would get his old job and salary back plus any raises he would have earned during his absence. and bain promised that if necessary he would craft a cover story saying that romney's return to bain and company was needed because of his value as a consultant. so there was no professional or financial risk. no professional or financial risk. that's the kind of security that's denied to most americans. there's also news today undercutting romney's claim that he left bain back in 1999 to run the salt lake city olympics. >> i had no association with the banishment of bain capital after february of 1999. that's when i left the firm. i'